India, the third-largest solar market

 

The solar industry in India

 


The country's solar industry is showing signs of recovery with increased activity compared to the previous quarter while 2020 worst years for solar in India as COVID-19 took a heavy toll on the industry, the industry still has a long way to go.

However, the market is almost back on its feet, and the mood is upbeat as the industry heads to 2021 - one of the best years foretasted for the sector," said Raj Prabhu, CEO of Mercom Capital Group.

India, the third-largest solar market in the world, India has witnessed a dip in terms of capacity addition, which fell from 9.6 gigawatt (GW) in 2017 to 8.3 GW in 2018, indicating a slowdown of 16 per cent. 

Gradually India is becoming a favorite investment destination for both local and global players. Today Indian economy has the second-fastest rate of increase in GDP in the world - 7.1%. The country accounts for one thirds of the world's population without access to electricity. The situation arises despite several initiatives and policies to support poor households. 

Although the country is rich in coal and abundantly endowed with renewable energy in the form of solar, wind, hydro and bio-energy, India has very small hydrocarbon reserves (0.4% of the world's total). Being a net importer of energy, more than 35% of the country's primary energy needs are ensured through import.

The potential customers of Solar Energy installation fall into these categories:

  • Residential clusters or the "colonies" in India. There is a strong sense of community among the colonies of urban and suburban.
  • Business office complexes - Companies such as IBM, EMC, Intel, Pfizer, etc. have built immense office complexes in the last 5-8 years that house
  • Thousands of employees and huge arrays of power-hungry computer equipment.
  • Rural townships and villages - it is an immense market and would typically be government-funded or non-profit funded installations.
  • Individual Residences are good significant number of private citizens who are in a position to afford solar power installations e.g. being "green."
  • Large government power production facilities - on 1- to 5-MW power plant facilities as well as its larger goals for upgrading India's overall power production.
  • Water-pumping is unpredictable and inconsistent costs of Monsoon-based farming are a detriment to farmers in these areas..

Popular posts from this blog

EV Station below is the estimate

Image
Despite informal pressure to bring forward its 2070 net-zero target, India is unlikely to do that at this year’s G20 summit India took over the presidency of the G20 – the grouping of the world’s 20 biggest economies, which collectively account for 75-80% of global GHG emissions – in December 2022. At the transition of the presidency from Indonesia to India, the Indian prime minister, Narendra Modi, said the challenges of “climate change, terrorism, and pandemics can be solved not by fighting each other, but only by acting together”. With control of 84 per cent of the global economy, G20 nations are the world’s driving force for development and growth. This is a good thing. However, while acknowledging the diversity and different development paths within G20 nations, this strength and influence also makes the bloc largely responsible for many of the environmental issues facing the world today. In India, especially among civil society organisations, the focus is less on the date of the...
Read more

lithium ion battery course leipzig germany

Training Courses for 2021-22 instructional design courses certification instructional design courses india instructional design courses free instructional design courses uk instructional design courses in canada e learning instructional design certificate instructional design course syllabus best instructional design programs in india importance of instructional design in education instructional design in education pdf instructional design models for teaching instructional design and technology types of instructional design certificate in eLearning and instructional design learning to teach online instructional design for eLearning instructional design essentials e learning professional instructional design professional instructional design academy eLearning developer certificate e Learning design and development certificate eLearning development college eLearning design and training development ar and vr courses online best augmented...
Read more

ev academy uk

EV courses at EV Academy ev course at Bengaluru ev course at Faridabad ev course at Chennai ev course at Kolkata ev course at Lucknow ev course at Coimbatore ev course at Surat ev course at Hyderabad ev course at Kathmandu ev course at Indore ev course at Nagpur ev course at Bhiwandi ev course at Ho Chi Minh City ev course at Kottayam ev course at Chicago ev course at Costa Mesa ev course at Cuttack ev course at Batumi ev course at Columbia ev course at Ernakulam ev course at New Delhi ev course at Nagercoil ev course at Panjim ev course at Cedar Rapids ev course at Varanasi ev course at Trivandrum ev course at Thanyaburi ev course at Barcelos ev course at Noida ev course at Ahmedabad ev course at Kalyan ev course at Bhubaneswar ev course at Kollam ev course at Dehradun ev course at Salem ev course at Hubli ev course at Milan ev course at Agra ev course at Jagtial ev course at Guwahati ev course at Jamshe...
Read more